Hartford Foundation for Public Giving

PIMCO employs a broad range of portfolio management tools that seek to appropriately manage risk, hedge exposures, and seek returns consistent with client guidelines. They have considerable experience in an array of global investment strategies, which include both fixed income and equity strategies. The firm also offers alternative strategies, primarily through private investment vehicles such as private equity funds and hedge funds. These strategies encompass long/short, private equity, distressed debt, commercial real estate and other alternative strategies. PIMCO combines top-down macroeconomic forecasting with rigorous bottom-up credit analysis in its investment process. Their cyclical and secular economic forums drive the top-down element of the firm’s investment process which begins with an annual secular forum. The firm’s bottom-up research on individual securities generally considers such factors as finances, credit quality, call risks and structures.

Founded in 1980, Tukman Grossman Capital Management, Inc. is a registered investment advisor located in Larkspur, California. The firm was formerly known as formerly Tukman Capital Management, Inc. The firm provides investment advisory services for a variety of clients including pension funds, foundations, private funds, other types of “institutional clients,” and high net-worth individuals.

FI primarily invests in fully invested, concentrated common stock portfolios comprised of high quality, US large-cap equities using a value-oriented approach which aims to generate long-term capital appreciation. The firm uses a fundamental, company specific financial analysis that serves as the basis for the calculation of a company’s intrinsic value based on one of several valuation models including a discounted cash flow model, a dividend discount model, and a return on tangible assets model. FI’s portfolios typically hold 15-25 stocks, and will sell when their share prices approach the companies’ intrinsic values.